£132,372
This estimated value is based upon the latest sale price for the house of £98,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £98,000 | 24 Mar 2016 |
| £87,000 | 22 Jan 2004 |
| Flats/Maisonettes |
| Leasehold |
This model uses changes in the Official Land Registry House Price Index for ISLE OF WIGHT to estimate the market value.
When this house was purchased in March 2016 the House Price Index for ISLE OF WIGHT was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £98,000 results in an estimated price of approximately £132,372.
| 24 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £98,000 | £34,372 | £132,372 |
The Postcode Pricing Model uses changes in average sales price within the PO30 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -6.139 % | £-6,015 | £91,984 |
| 3 Month Average | 24.448 % | £23,959 | £121,959 |
| 6 Month Average | 22.884 % | £22,426 | £120,426 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £212,575 | £210,000 | 7 UNION STREET |
| 19 Apr 2023 | £182,970 | £181,000 | UNITS 9 AND 9B BRICKWOODS HOUSE ORCHARD STREET |
| 23 Jan 2023 | £191,100 | £192,000 | 44 CHAPEL STREET |
| 12 Aug 2022 | £194,477 | £195,000 | 40 CHAPEL STREET |
| 11 Jul 2022 | £260,702 | £260,000 | 88A ST JAMES STREET |